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October 26, 2005

More bad news. India's Tata Group's proposed $2.5 billion investment in four ventures in Bangladesh may be prolonged. Some are predicting that there is a serious chance of the deal being cancelled.

Nitin blames the status quo on the Khaleda Zia government’s reflexive antagonism towards India. He comments that "hauling a mighty Indian company through the coals may boost certain egos in Dhaka, but they dent international confidence in a country that sorely needs investment and aid". He adds further:

"Cocking a snook at India at every given opportunity may play to certain political constituencies in Bangladesh. But very often it works against the country’s broader interests."

And when were the political leaders more keen on the country's interests rather than their own?